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Dec 31, 2020
ePlus Q3 2021 Earnings Report
ePlus' third quarter performance was strong with net earnings increasing despite flat revenues
Key Takeaways
ePlus inc. reported financial results for the third quarter ended December 31, 2020. Net sales decreased slightly by 0.3% to $427.6 million, while net earnings increased by 10.7% to $21.6 million. Diluted earnings per share increased to $1.62, and non-GAAP diluted earnings per share increased to $1.79.
Net sales decreased 0.3% to $427.6 million; technology segment net sales increased 1.2% to $415.6 million; service revenues increased 3.3% to $52.1 million.
Net earnings increased 10.7% to $21.6 million.
Diluted earnings per share increased 11.0% to $1.62. Non-GAAP diluted earnings per share increased 9.1% to $1.79.
Security solutions increased to 23.3% of adjusted gross billings, compared to 20.3% the prior quarter.
Forward Guidance
ePlus will continue to utilize its strong financial position to add customer facing personnel, gain new customers, and adopt new technology solutions, both through prudent organic investments and acquisitions, to complement its geographic footprint and technology solutions portfolio, in support of long term, sustainable growth.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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